Published 1 year ago

Euro zone inflation falls for first time in 17 months

Summary by Ground News

Euro zone inflation eased far more than expected in November, raising hopes that sky-high price growth is now past its peak and bolstering the case for a slowdown in European Central Bank rate hikes next month. Consumer prices in the 19 countries sharing the euro grew by 10.0% this month after a 10.6% increase in October, coming in well below expectations for 10.4%

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Reuters

Big euro zone inflation drop bolsters hopes for smaller ECB hike

Euro zone inflation eased far more than expected in November, raising hopes that sky-high price growth is now past its peak and bolstering, if not outright sealing the case for a slowdown in European Central Bank rate hikes next month.

1 year ago·United Kingdom

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Associated Press News

Inflation in Europe eases but still in painful double digits

FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs , but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession .

1 year ago·United States

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abc News

Inflation in 19 European countries using euro currency eases to 10% from a year earlier, in first drop since mid-2021

1 year ago·United States

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KRDO

Inflation eases in Europe, but still in double digits

FRANKFURT, Germany (AP) — Inflation in the 19 countries that use the euro currency eased to 10% this month as fuel and utilities drifted down from painful highs. But it’s still near the record levels that have robbed consumers of spending power and led economists to predict a recession. The European Union’s statistics agency said Wednesday that the consumer price index was down from 10.6% in October. That’s the first decrease since June 2021. Bu…

1 year ago·Colorado Springs, United States

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CNBC

Euro zone inflation rate eases slightly to 10% as surge in energy prices slows

Euro zone inflation eased in November, but the European Central Bank remains under pressure to deal with the recent record rise in prices.

1 year ago·United States

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Channel News Asia

Eurozone inflation falls for first time in 17 months

BRUSSELS: The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10 percent, official data showed on Wednesday (Nov 30). Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit a new historic record ever

1 year ago·Singapore

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